MPV Sales Keep Domestic Demand Story Alive

Indonesia continues to thrive on domestic demand, with sales in H110 rising 76% year-on-year (y-o-y) to 370,208 units, prompting BMI to raise our full-year sales forecast to nearly 680,000 units, representing growth of 40.6%. The Indonesian Automotive Industry Association (Gaikindo) is also confident the industry can achieve sales targets of between 650,000 and 700,000 units, led by the multi-purpose vehicle (MPV) segment, which accounts for the majority of

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